We are happy to be working with BROWZ to provide its clients with added peace of mind when evaluating the overall financial stability of a company.
Salt Lake City, UT (PRWEB) June 03, 2014
BROWZ LLC has announced the release of its newly-enhanced and proprietary Financial Risk Profile. Through an agreement with Experian’s Business Information Services, BROWZ will begin offering commercial financial risk data as part of the BROWZ supply chain assessment and compliance solution. The addition of this information will provide BROWZ business clients with greater insight into the financial stability of their supply chain and provide tools that will allow for better informed decision making in the contractor prequalification process.
The new BROWZ Financial Risk Profile is available to BROWZ clients as an add-on feature which complements its industry-leading contractor management solution. Financial Risk Profiles are accessible by BROWZ clients via an online dashboard that provides key supplier information to its users. For clients that choose to add this service, the dashboard will include Experian’s commercial credit risk scores. These scores provide a quick assessment of risk with an easy-to-understand 1 to 100 score range, and help predict delinquency or if a business will fail or default on a payment. The proprietary Experian scores included in the Financial Risk Profile are:
- Intelliscore Plus™: Combines business and proprietor credit information to predict the likelihood of serious delinquency (91+ days past due) in the next 12 months.
- Financial Stability Risk™: Provides critical insight on the potential of a business going bankrupt or defaulting on its payment obligations.
Clients requiring greater information can drill down to view additional commercial financial risk data including bankruptcy filings, liens, and judgments. Combined with BROWZ’ patented technology, Experian’s commercial scores and credit information will allow BROWZ customers to manage the financial stability of their supply chain proactively, with greater consistency.
"With this agreement, BROWZ is deepening our offering and further demonstrating relevance to the broadening supply chain,” said Elaine Beitler, CEO of BROWZ. “Historically, companies talked about compliance as a contractor safety program, but we see that initiative expanding across multiple disciplines, often times led by procurement and sourcing. We take great pride in providing meaningful compliance solutions across many industries and to support all departments. By working with an organization that is known for their excellence in financial assessment like Experian, we continue that long standing commitment to providing our client’s with industry leading solutions.”
“We are happy to be working with BROWZ to provide its clients with added peace of mind when evaluating the overall financial stability of a company,” said Laura DeSoto, senior vice president of marketing and product management for Experian’s Business Information Services. “In today’s economic climate, it’s increasingly important for organizations to improve efficiencies and reduce losses. Our commercial risk data and scores will allow BROWZ’ clients to make better decisions and more easily identify areas of the greatest risk or opportunity.”
BROWZ clients can integrate the Financial Risk Profile by contacting their BROWZ representative. For more information, please visit http://www.browz.com/experian or contact BROWZ at 877-392-7699.
About Experian’s Business Information Services
Experian’s Business Information Services is a leader in providing data and predictive insights to organizations, helping them mitigate risk and improve profitability. The company’s business database provides comprehensive, third-party-verified information on 99.9 percent of all U.S. companies. Experian provides market-leading tools that assist clients of all sizes in making real-time decisions, processing new applications, managing customer relationships and collecting on delinquent accounts. For more information about Experian’s advanced business-to-business products and services, visit http://www.experian.com/b2b.
ABOUT BROWZ LLC: BROWZ is the leading solution for comprehensive supply chain risk mitigation. Its fully configurable solution simplifies the exchange, verification, and maintenance of critical data between clients and their supply chain, while adapting to the clients unique business needs. Delivered as a software as a service (SaaS) solution, BROWZ functions as a central, web-based data repository for all supply chain prequalification and compliance information and is available 24/7 and in multiple languages anywhere around the world. Through a combination of compliance expertise, technology, and service, BROWZ addresses supply chain compliance needs related to insurance and risk, environmental health & safety, corporate social responsibility, financial stability, supplier demographics, employee level management, security, and much more.